Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (65) |
Author: ultimatespinach   😊 😞
Number: of 21944 
Subject: Re: OT: big companies
Date: 07/29/23 10:43 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 5
Did you know in advance that one should subscribe to the Stock Advisor and/or Rule Breakers, and ignore the rest?

I did not. Apparently like you, I began with Hidden Gems, a small-cap service. I subscribed to Global Gains, an international stock letter, and a truly god-awful attempt at small-cap value investing called Pay Dirt, which was shut down as soon as its performance stats became embarrassing. Global Gains recommended some of the stocks later implicated in the scandal around fraudulent Chinese companies listed on U.S. exchanges.

The difference between these and the original two is that David Gardner was not an advisor to any of the spinoffs. Tom, the businessman, was the brains behind this product expansion. If you were a dedicated growth investor, a Peter Lynch fan, you were more apt to gravitate toward Stock Advisor, where brothers Tom and David each made one rec per month, and Rule Breakers, which was all David and his team. This is where the tech and futurism were. Hidden Gems' top rec was an industrial company that made commercial cooking equipment.

If the conversation is about growth stock investing, and whether it's possible to consistently beat the market with it, I think SA and RB are objectively the appropriate TMF letters to examine. The proliferation was designed to appeal to other investing niches, which TMF wasn't nearly as good at. In truth, the only great stock picker TMF has produced is David Gardner, but in this business, one is all you need.

I do agree that survival bias has a major, misleading effect on TMF's self-reported returns in its advertising. You add all the dumpstered stuff to the current database and the reported numbers would not be what they are.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to ultimatespinach here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (65) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community